Monday 13 July 2020

Saudi firms target China exports at fair

RIYADH, November 11, 2019

A group of Saudi Arabian companies presented their latest offerings with the aim to increase Saudi non-oil exports to China at the recent China International Import Fair, which was held in Shanghai.

Bandar bin Ibrahim Al-Khorayef, Minister of Industry and Mineral Resources, chairman of the Saudi Export Development Authority (SEDA), inaugurated in the presence of the secretary general of the Saudi Export Development Authority, Engineer Saleh Al Salmi, the Saudi Pavilion at the fair.

The fair was organised by the Chinese Government, and was represented by the Ministry of Commerce. It held its second session in Shanghai from November 5 to 10, covering industry, tourism and services sectors.

The exhibition was held under the slogan "New Era - A Common Future", and was inaugurated this year by the Chinese and French presidents, with the participation of 50 national pavilions representing more than 100 countries, said a statement from the organisers.

The participation of the Saudi Export Development Authority (Saudi Exports) to organise the Saudi pavilion in the exhibition for the second year in a row with the aim of encouraging Saudi companies to expand and access to international markets, and strengthen economic and trade relations between Saudi Arabia and the People's Republic of China in order to increase the volume of non-oil trade exchange between the two.

The Saudi Arabian General Investment Authority (Sagia) will also participate in the Saudi pavilion to attract Chinese investments to the Saudi Arabia, as well as the Saudi Commission for Tourism and National Heritage.

This year, under the umbrella of the Saudi Pavilion, a group of Saudi companies will be presenting their products to importers in Chinese markets, participants from various countries, as well as visitors, interested persons and businessmen.

Turki Al Madi, Ambassador of the Custodian of the Two Holy Mosques to the People's Republic of China, Khalid Al Salem, director general of Saudi Industrial Property Authority, Ahmed Al Kraidees, vice chairman of the Saudi-Chinese Business Council.

In the context of promoting local products and highlighting global market opportunities, the Saudi Export Development Authority is keen to encourage and encourage Saudi companies to participate under their umbrella in international exhibitions. Competitive quality and delivery of local products to global markets.

The value of Saudi Arabia's non-oil exports to China amounted to SR127 billion during the past five years, led by petrochemicals with exports of SR116 billion, followed by the engines and spare parts sector with exports of SR3.1 billion, followed by metals with exports of SR2.8 billion. Saudi exports to China amounted to SR18 million during the same period.

It is worth mentioning that the kingdom's participation in the China International Import Fair last year achieved several gains, the most important of which was the signing of an agreement between the Ministry of Environment, Water and Agriculture in Saudi Arabia and the General Administration of Customs of the People's Republic of China to export frozen white shrimp from the Kingdom to China, where the agreement aimed to export 40 thousand tons of shrimp During 2018 the value exceeds SR500 million, it stated. – TradeArabia News Service


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